Driverless Cars, Missed Medical Expenses & Tax Breaks Your Money & Your Life Podcast

In our last episode, we teased a discussion about long-term care insurance deductions and health savings accounts but ran out of time. Don't worry though, because today we're diving deep into these important topics.
 
Here’s some of what we discuss in this episode:
Don’s recent conference in Arizona + self-driving cars
The high cost of assisted living and long-term care + considerations for itemizing deductions on tax returns
Some missed opportunities that Don often sees when it comes to medical expenses
How deductions work for life care retirement communities
Alternate ways to deduct medical expenses for self-employed individuals using Schedule 1 on the 1040 form
 
Resources for this episode:
Tax forms –1040 form
https://www.irs.gov/pub/irs-pdf/f1040.pdf
Schedule 1 – Income & Adjustments
https://www.irs.gov/pub/irs-pdf/f1040s1.pdf
Schedule A –
https://www.irs.gov/pub/irs-pdf/f1040sa.pdf
Standard Deductions and Tax Brackets – 2023
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023
Long-Term Care Insurance Tax Deductions –
https://apps.irs.gov/app/vita/content/00/00_25_005.jsp
Waymo Driverless Cars –
https://waymo.com/
 
Get in touch with Don and learn more: https://doncashpodcast.com/